Kenvue posts stronger-than-expected quarter, unveils 3.5% workforce reduction ahead of Kimberly-Clark deal
Kenvue reported fourth-quarter results that exceeded Wall Street forecasts, driven by improvements in its self-care and essential health segments, and announced a global reduction of about 3.5% of its workforce as it advances toward a proposed acquisition by Kimberly-Clark. The firm expects related pre-tax restructuring and other charges of about $…